Assurance & Accounting
REVIEW OF FINANCIAL STATEMENTS
Under a review engagement, we review your financial statements and issue a written communication expressing a conclusion concerning the plausibility of your financial position and operations results.
Since the assurance provided in a review engagement is lower than in an audit, the scope of the work associated with a review engagement is significantly less than that of an audit as well. A review consists primarily of enquiry, analytical procedures, and discussion related to information provided by you to assess whether the information provided is plausible.
COMPILATION OF FINANCIAL STATEMENTS
Under a compilation engagement we assist you in preparation of financial statements or summarizing financial results for internal financial management and decision making.
A compilation engagement is appropriate only where the client and other users do not need financial information that conforms in all respects to generally accepted accounting principles and an audit or review assurance is not required.